| Intangible Assets |
Note I — Intangible Assets
The intangible asset balances and accumulated amortization are as follows:
|
|
Successor |
|
|
As of June 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
Gross |
|
|
|
|
Net |
|
average |
|
|
carrying |
|
Accumulated |
|
carrying |
|
useful life |
|
|
amount |
|
amortization |
|
amount |
|
in years |
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
48,485 |
|
$ |
(2,246) |
|
$ |
46,239 |
|
19 |
Technology |
|
|
42,812 |
|
|
(3,677) |
|
|
39,135 |
|
14 |
Trademarks |
|
|
6,591 |
|
|
(969) |
|
|
5,622 |
|
9 |
Intangible assets not subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
Cosmos Tradename |
|
|
300 |
|
|
— |
|
|
300 |
|
|
IPR&D |
|
|
256 |
|
|
— |
|
|
256 |
|
|
Total |
|
$ |
98,444 |
|
$ |
(6,892) |
|
$ |
91,552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
Gross |
|
|
|
|
Net |
|
average |
|
|
carrying |
|
Accumulated |
|
carrying |
|
useful life |
|
|
amount |
|
amortization |
|
amount |
|
in years |
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
31,541 |
|
$ |
(899) |
|
$ |
30,642 |
|
19 |
Technology |
|
|
25,368 |
|
|
(1,508) |
|
|
23,860 |
|
12 |
Trademarks |
|
|
6,344 |
|
|
(393) |
|
|
5,951 |
|
9 |
Intangible assets not subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
Tradename |
|
|
300 |
|
|
— |
|
|
300 |
|
|
IPR&D |
|
|
208 |
|
|
— |
|
|
208 |
|
|
Total |
|
$ |
63,761 |
|
$ |
(2,800) |
|
$ |
60,961 |
|
|
Amortization expense related to intangible assets was $4,092 thousand, $379 thousand, and $0 thousand for the Successor 2021 Period, Successor Q2 2020 Period, and Predecessor 2020 Period, respectively.
|
Note I – Intangible Assets
The intangible asset balances and accumulated amortization are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
|
|
|
useful |
|
|
Gross |
|
|
|
|
Net |
|
average |
|
|
carrying |
|
Accumulated |
|
carrying |
|
life in |
|
|
amount |
|
amortization |
|
amount |
|
years |
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
31,541 |
|
$ |
(899) |
|
$ |
30,642 |
|
19 |
Technology |
|
|
25,368 |
|
|
(1,508) |
|
|
23,860 |
|
12 |
Trademarks |
|
|
6,344 |
|
|
(393) |
|
|
5,951 |
|
9 |
Intangible assets not subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
Cosmos Tradename |
|
|
300 |
|
|
— |
|
|
300 |
|
|
IPR&D |
|
|
208 |
|
|
— |
|
|
208 |
|
|
Total |
|
$ |
63,761 |
|
$ |
(2,800) |
|
$ |
60,961 |
|
|
Amortization expense related to intangible assets was $2,800 thousand, $0 thousand, and $0 thousand for the Successor 2020 Period, Predecessor 2020 Period, and Predecessor 2019 Period, respectively.
Estimated amortization expense for the next five years is $6,274 thousand, $6,111 thousand, $5,957 thousand, $5,570 thousand, $5,145 thousand, respectively.
|